We have been writing about the growing education bubble for a while around these parts. In short, university tuition has been rising at a rate far outpacing inflation for over a decade, the federal government is spending more than ever on subsidizing higher education, university bureaucracies and administrations continue to grow, more students are getting degrees than ever before, and the actual education content of a degree has stayed the same (and that is being generous). Combine this with a sluggish job market and record setting levels of debt that students are taking on to pay for this, and it sure seems like the traditional university model is not delivering the value to students it once was.

So what are the possible solutions? Well, progressives want to spend more money and further subsidize the whole system, which so far has not been working out that well. Conservatives seem content to continue down the cranky old man path, complaining about the liberal college such and such. Libertarians however have been out in front on this issue for a while with projects such as the Peter Thiel’s 20 Under 20 Fellowship that create real alternatives to the broken system.

The newest alternative on the market is called Praxis. Founded by long-time friend of SFL Isaac Morehouse, Praxis seeks to break the traditional higher education model by creating a better alternative. Instead of sitting in a classroom, participants are placed with dynamic small businesses across the country, where they work 30 to 40 hours a week and complete 10 hours a week of rigorous online material, workshops, projects and assignments. Praxis combines the best of the liberal arts education with an apprenticeship to give students real experience and skills to set them apart and above the competition.

Learn more at http://www.discoverpraxis.com/